Lease Guarantee Agreement for Singapore
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Lease Guarantee Agreement
"Need a Lease Guarantee Agreement for a commercial property in Singapore CBD, where a parent company will guarantee a 5-year lease starting March 2025 for their subsidiary's new office space, with a guaranteed amount of SGD 2 million."
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1. Parties: Identification of guarantor, landlord, and tenant with full legal names and addresses
2. Background: Context of the lease agreement and reason for guarantee
3. Definitions: Key terms used throughout the agreement
4. Guarantee and Indemnity: Core obligations of the guarantor including scope of guarantee and indemnification provisions
5. Duration of Guarantee: Term and validity period of the guarantee, including conditions for termination
6. Guarantor's Obligations: Specific responsibilities and extent of liability of the guarantor
7. Enforcement: Conditions and process for enforcing the guarantee, including default scenarios
1. Additional Security: Provisions for additional forms of security or collateral provided by the guarantor
2. Corporate Guarantor Provisions: Special provisions applicable when the guarantor is a corporate entity, including authority requirements
3. Step-In Rights: Provisions allowing the guarantor to take over the lease in certain circumstances
1. Schedule 1 - Copy of Lease Agreement: Reference copy of the underlying lease agreement being guaranteed
2. Schedule 2 - Guarantor's Details: Detailed information about the guarantor including financial status and contact information
3. Schedule 3 - Required Notices Format: Standard templates for formal notices required under the guarantee agreement
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